OCBC and Nomura's asset management arms have formed a partnership to expand collaboration in Asia with a focus on Japanese investment opportunities.
OCBC-owned Lion Global Investors (LGI) and Nomura Asset Management (NAM) Singapore have entered into a Memorandum of Understanding (MOU) to further cooperation in Asia over the next two years, according to a statement.
The MOU marks LGI’s first collaboration with a Japanese-owned asset management company. It aims to facilitate «knowledge exchange and innovations in investment products» to meet investor needs in Singapore and Japan.
Japanese Rebound
According to LGI CEO Teo Joo Wah, Japan continues to be a key market for the Singaporean asset manager.
«With the resurgence of the Japanese economy, we know that investors are keen to access Japan but may not know where to start,» Teo commented. «NAM Singapore’s strength in Japan together with LGI’s leading position in Southeast Asia will put us in a unique position to offer Singapore investors access to Japan.»
Established in 1986, LGI is OCBC’s asset management unit and as of 30 September 2023, it has $48.8 billion in assets under management.
